Business

US Apparel Imports Continue To Fall

By Textile Excellence
April 29, 2017

US apparel imports plummeted in February, according to data released last week by the US Census Bureau, continuing the steady decline that started nearly a year ago, and with sluggish demand and declining costs a major factor.

Total apparel imports fell 13.3% in the month, to US$ 6.9 billion on a CIF basis, underperforming the almost 1% increase in total US goods and services imports, which hit US$ 170.9 billion.

On a 12-month smoothed basis, apparel imports fell by 6.7%. Apparel exports fell by 4.4% to US$ 429 billion. Total US goods and services exports rose by 5%.